Japan data: August inflation adjusted (real) wages fell 2.5% y/y

<p> Japan's real wages in August
declined for a 17th month in a row. </p><p>This is important as the Bank of Japan has persistently been emphasising that
sustainable wage rises is a prerequisite for deciding whether
and how to dismantle its ultra-loose monetary stimulus.
</p><p> Inflation-adjusted real wages, a barometer of consumer
purchasing power, fell in August by 2.5% y/y</p><ul><li>prior -2.7%</li></ul><p>Nominal pay growth was +1.1%</p><ul><li>prior +1.1% also</li></ul><p>Special payments -5.4% year-on-year</p><ul><li>the biggest fall
since January 2021</li></ul><p>More of these but they are not going as far. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.